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Report Date : |
02.10.2012 |
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Tel. No.: |
2783 747 0164 |
IDENTIFICATION DETAILS
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Name : |
MEGA
CONSUMER INFORMATION AGENCY CC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
09.03.2011 |
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Com. Reg. No.: |
B2011/029552/23 |
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Legal Form : |
Close Corporation |
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Line of Business : |
Not Available |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
South Africa |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SOUTH AFRICA - ECONOMIC OVERVIEW
south Africa is a
middle-income, emerging market with an abundant supply of natural resources;
well-developed financial, legal, communications, energy, and transport sectors;
a stock exchange that is the 18th largest in the world; and modern
infrastructure supporting a relatively efficient distribution of goods to major
urban centers throughout the region. Growth was robust from 2004 to 2007 as
South Africa reaped the benefits of macroeconomic stability and a global
commodities boom but began to slow in the second half of 2007 due to an
electricity crisis and the subsequent global financial crisis' impact on
commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in
2010-11. Unemployment remains high and outdated infrastructure has constrained
growth. State power supplier Eskom encountered problems with aging plants and
meeting electricity demand necessitating "load-shedding" cuts in 2007
and 2008 to residents and businesses in the major cities. Daunting economic
problems remain from the apartheid era - especially poverty, lack of economic
empowerment among the disadvantaged groups, and a shortage of public
transportation. South Africa''s economic policy is fiscally conservative
focusing on controlling inflation and attaining a budget surplus. The current
government largely follows these prudent policies but must contend with the impact
of the global crisis and is facing growing pressure from special interest
groups to use state-owned enterprises to deliver basic services to low-income
areas and to increase job growth.
Source
: CIA
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Subject
Name |
MEGA
CONSUMER INFORMATION AGENCY CC |
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Country |
South
Africa |
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Subject
Contact Person |
HAMMAN
MEYER - MANAGING MEMBER |
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Assessment |
This is a newly formed business.
On investigation contact was made with the managing member who declined to
assist with the information for the subject telephonically. An email
questionaire was forwarded however we have had no response to date. Should
this information be made available to us, the same will be compiled and
forwarded. Please see the available information obtained below. |
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Registered
Name |
MEGA
CONSUMER INFORMATION AGENCY CC |
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Trading
as/ Division Name |
MEGA
DRILLING |
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Previous
Name |
NONE |
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Date
of Name Change |
NONE |
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Registration
Number |
B2011/029552/23 |
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Registration
Date |
2011/03/09 |
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Date
Commenced Trading |
MARCH
2011 |
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Age
of Business |
1
Years 6 Months |
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History
of Business |
UNKNOWN |
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History
of Principals |
UNKNOWN |
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Shareholders/Members/Partners
of subject and % holding |
UNKNOWN |
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Authorised
Share Capital |
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Issued
Share Capital/Members Contribution |
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Status |
In
Business |
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Operations
Assessment |
Unknown |
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Industry/
Customers |
Unknown |
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Export |
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Export
Countries |
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Import |
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Import
Countries |
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Major
Industry Code / SICC |
9000 |
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Definition
of Code |
Other
activities not adequately defined. |
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Head
Office Physical Address |
38
SINCLAIR STREET, LAMBTON, GERMISTON, 1401 |
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Head
Office Postal Address |
38
SINCLAIR STREET, LAMBTON, GERMISTON, 1401 |
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Current
Tel Number |
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Cell
Number |
0837470164 |
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Current
Fax Number |
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Current
Email Address |
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Web
Site Address |
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Comments |
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Company
Registered Name |
LSGINTEGRATED |
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Trading
Name |
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Registration
Number |
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Physical
Address |
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Postal
Address |
P
0 BOX 457, RIVONIA, 2128 |
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Contact
Person |
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Contact
Number |
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Email |
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Principals |
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Judgements
Against Subject |
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Judgements
Against Principals |
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Subject
Verified as Client |
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Practice
Number |
955361 |
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VAT
Number |
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Tax
Number |
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BEE
Status |
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Financial
Year End |
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No
of years in Business |
1 |
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Website |
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Comment |
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Previous Auditors
Information - No Information on Record
Tax Information - No
Information on Record
Black Economic
Empowerment Information - No Information on Record
ISO Information - No
Information on Record
Work Mans Information
- No Information on Record
Subsidiaries
Information - No Information on Record
Employees Information
- No Information on Record
Company Fleet
Information - No Information on Record
Offices Information -
No Information on Record
Branch Information -
No Information on Record
Organisational
OChrgaarnt i-s aNtoio In fCohrmaratt ion on Record
Company Structure
Information - No Information on Record
Note: One level up and all levels down
Key Deals - No Info
rmation on Record
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Trade Reference
nr |
Supplier |
Contact |
Surety Value |
Notarial
Bonds |
Comment |
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1 |
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UNDISCLOSED |
Trade
References Detail
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Nr |
Age
of Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
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1 |
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Judgements
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Judgements |
NONE |
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Possible
Judgements |
NONE |
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Civil
Court |
NONE |
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RDs |
NONE |
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Comment |
No
Information on Record |
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Business
Rescue |
|||||
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Date registered |
Business rescue
practitioner |
Contact
Information |
Details |
Comment |
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NONE |
No Information on
Record |
No Information on Record |
No Information on
Record |
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Default Listing - No
information on record
Notarial Bonds - No
information on record
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Bank |
NEDBANK |
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Branch |
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Brach
Code |
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Bank
Account Number |
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Type
of Account |
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Account
Name |
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Overdraft
Facilities |
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Bank
Code |
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Bank
Comment |
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Bank Code History -
No Information on Record
Previous Bank Account
Informat ion - No Information on Record
Deeds Information -
No information on record
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Number
of Principals |
1 |
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Average
Age of Active Principals |
37 |
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Active
Principals Principal - 1of 1 HAMMAN MEYER |
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Surname |
MEYER |
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First
Name |
HAMMAN |
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Other
Names |
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Marital
Status |
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ID
Number |
7509165071088 |
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Verified
ID Number |
Yes |
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Current
Age |
37 |
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Designation |
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Status |
Active |
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Appointment
Date |
2011/03/09 |
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Physical
Address (at time of Appointment) |
38
SINCLAIR STREET, LAMBTON, GERMISTON, 1401 |
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Postal
Address |
38
SINCLAIR STREET, LAMBTON, GERMISTON, 1401 |
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Current
Tel Number |
0118244078 |
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Cell
number |
0837470164 |
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Shareholding/Membership |
100.0000 |
Principal's Adverse -
No information on record
Business Information
forH AMMAN MEYER
Principal Current
Business Interests
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Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
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MEGA
CONSUMER INFORMATION AGENCY CC |
B2011/029552/23 |
In Business |
1 Years 1 Months |
0 |
No |
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Principal's Previous
Business Interests - No information on record
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.52.78 |
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1 |
Rs.85.16 |
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Euro |
1 |
Rs.67.78 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial condition
(40%) Ownership background
(20%) Payment record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.